Mario Gabelli

Mario Gabelli

Last Update: 02-10-2017

Number of Stocks: 816
Number of New Stocks: 58

Total Value: $15,827 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Mario Gabelli Watch

  • 9 Cheap High-Yield Stocks

    According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months.


    United Insurance Holdings Corp.’s (NASDAQ:UIHC) dividend yield is 1.43% with a payout ratio of 0.16%. Over the past 52 weeks, the price declined 10.9%. The stock is now trading with a price-earnings (P/E) ratio of 11.5 and a price-sales (P/S) ratio of 0.8.

      


  • 8 Stocks Trading Below the Peter Lynch Value

    According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.


    Navigator Holdings Ltd. (NVGS) is trading around $11 per share. The Peter Lynch value gives the stock a fair price of $27.5 so the stock is undervalued with a margin of safety of 59%. Twelve weeks back the stock started its positive upward trend; it now registers a positive performance of 35.8%.

      


  • AbbVie Declares Quarterly Dividend

    AbbVie Inc. (NYSE:ABBV) annouced a quarterly dividend of 64 cents per share on Feb. 16.


    The dividend will be paid on May 15 to shareholders of record as of April 13.

      


  • 8 Stocks With Strong Yields but Falling Prices

    According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months.


    Blackrock Virginia Municipal Bond Trust’s (BHV) dividend yield is 4.82% with a payout ratio of 0.55%. Over the past 52 weeks the price declined 14.2%, and the stock is now trading with a price-earnings (P/E) ratio of 10.9 and a price-sales (P/S) ratio of 14.9.

      


  • Insider Invests in AMC Entertainment Holdings

    AMC Entertainment Holdings Inc. (NYSE:AMC) CEO and President Adam Aron purchased 31,747 shares of the company for $31.50 per share on Feb. 13, according to a Form 4 with the Securities and Exchange Commission.


    Aron now owns 51,747 shares of the company.

      


  • Mario Gabelli’s Top 3 New Holdings for the 4th Quarter

    Mario Gabelli (Trades, Portfolio), founder, chairman and CEO of GAMCO Investors, gained 58 new holdings in the final quarter of 2016. His top three new holdings are Brocade Communications Systems Inc. (NASDAQ:BRCD), Endurance Specialty Holdings Ltd. (NYSE:ENH) and Liberty Expedia Holdings Inc. (NASDAQ:LEXEA).


    Gabelli founded his firm in 1976 in Rye, New York. With a 15-member investment team and over 40 analysts, the firm utilizes fundamental, bottom-up research and a consistent investment process to generate superior risk-adjusted returns. As of Sept. 30, 2016, the firm had $39.9 billion in assets under management.

      


  • Is Troubled Retailer Sally Beauty a Valid Value Stock?

    Sally Beauty Holdings Inc. (NYSE:SBH) has had some good years.


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  • Be Aware of These High-Yield Stocks

    According to the GuruFocus All-in-One Screener, the following stocks have high dividend yields but performed poorly over the past 12 months.


    Highway Holdings Ltd.’s (HIHO) dividend yield is now 8.33% with a payout ratio of 2.5%. Over the past 52 weeks the price has dropped by 8.1%, and the stock is now trading with a price-earnings (P/E) ratio of 16.4 and a price-sales (P/S) ratio of 0.9.

      


  • The GAMCO Growth Fund 4th Quarter Commentary

    To Our Shareholders,

      


  • The Gabelli Value 25 Fund Shareholder Commentary 4th Quarter

    To Our Shareholders,

      


  • Mario Gabelli Comments on Sky Plc

    Sky Plc (SKYB) (0.3%)(SKYB –$12.21–LON) is a London, England-based media company primarily engaged in pay television and broadcasting services, as well as broadband and telephone services. On December 15, 2016, Twenty-First Century Fox entered into an agreement to acquire the outstanding shares that it does not already own of Sky. FOXA offered 10.75 GBP per share, requiring regulatory approval and shareholder approval. The deal is expected to close in 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Vascular Solutions

    Vascular Solutions, Inc. (NASDAQ:VASC) (0.4%) (VASC – $56.10 – NASDAQ) is a Minneapolis, Minnesota-based medical device company. VASC is engaged in the development and sale of medical diagnostic equipment specializing in the treatment and detection of cardiovascular related health issues. On December 2, 2016, the company agreed to a $56 cash per share merger with Teleflex Inc. which values VASC at $1 billion. The deal is subject to traditional regulatory and shareholder approvals and it should be completed in the first half of 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Time Warner Inc.

    Time Warner Inc. (0.4%)(TWX –$96.53–NYSE) (NYSE:TWX) is a New York, New York-based entertainment company. Through a variety of brands like HBO, Turner, and Warner Bros, the company produces and distributes a wide variety of entertainment and media products. On October 22, 2016, AT&T Inc agreed to acquire Time Warner for $53.75 cash + $53.75 worth of AT&T stock, subject to a collar. The deal requires both shareholder and regulatory approval and values Time Warner at $108.7 billion. It should close prior to year end 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Team Health Holdings

    Team Health Holdings, Inc. (0.8%)(TMH –$43.45–NYSE) (NYSE:TMH) is a Knoxville, Tennessee-based healthcare facility company. The company provides professional medical staff sourcing to hospitals and other healthcare providers across the United States. On October 31, 2016, the firm entered into a deal with The Blackstone Group LP for a $43.50 cash per share merger. This values TMH at $6.1 billion, and is subject to both regulatory and shareholder approvals with the addition of a “go-shop” period for which to explore other offers. We expect the deal to close in the first quarter of 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Mentor Graphics Corp

    Mentor Graphics Corp. (1.0%) (MENT – $36.89 – NASDAQ) (NASDAQ:MENT) is a Wilsonville, Oregon-based supplier of electronic design automation tools. This includes both the hardware and software needed to automate various mechanical and electronic processes in factory machinery. On November 14, 2016, Siemens offered shareholders $37.25 cash per share in a $4.5 billion transaction. Subject to regulatory and shareholder approvals we expect the deal to close in the second quarter of 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Endurance Specialty Holdings Ltd.

    Endurance Specialty Holdings Ltd. (1.1%)(ENH – $92.40 –NYSE) (NYSE:ENH) is a Bermuda-based holding company which underwrites specialty insurance. It operates in two segments, insurance, and reinsurance. On October 5, 2016, the company agreed to be acquired for $93 cash per share by SOMPO Holdings Ltd of Japan. This would value the company at $6.3 billion in the transaction. Subject to regulatory approval and a shareholder vote, the deal is expected to close in February.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Clarcor Inc.

    Clarcor Inc. (1.4%)(CLC –$82.47–NYSE) (NYSE:CLC) is a Franklin, Tennessee based filtration products company. Parker Hannifin announced it would acquire Clarcor for $83 cash per share or $4.3 billion on December 1, 2016. The deal is subject to shareholder and regulatory approvals and is expected to close in the first quarter of 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Brocade Communications

    Brocade Communications (0.9%) (BRCD – $12.49 – NASDAQ) (NASDAQ:BRCD) is a San Jose, California-based computer networking company. Brocade supplies networking hardware and software in addition to servicing to a wide variety of business across the world. On November 2, 2016, Brocade entered into a $12.75 cash per share merger with Broadcom. This values the company at $5.9 billion and the deal is subject to customary regulatory approvals and a shareholder vote. We expect the deal to close by the end of October 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Joy Global Inc.

    Joy Global Inc. (1.1%) (JOY – $28.00 – NYSE) (NYSE:JOY) is a mining equipment company based in Milwaukee, Wisconsin. Joy Global manufactures mining equipment for the extraction of metals and minerals and also provides clients with the servicing of this machinery. On July 21, 2016, Komatsu entered into a $28.30 cash per share merger with Joy, valued at $2.8 billion. Shareholders already approved the deal and regulatory approvals are pending in various jurisdictions. The deal is expected to close in mid-2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on WhiteWave Foods Inc.

    WhiteWave Foods Inc. (1.7%) (WWAV – $55.60 – NASDAQ) (NYSE:WWAV) is a food and beverage company based in Denver, Colorado. WhiteWave focuses on branded plant based food and beverages. Two of its most popular product lines are the “Silk” Almond Milk, and “So Delicious” branded products. WhiteWave agreed to be acquired by Danone for $56.25 cash per share in a $12.5 billion merger. Shareholders already approved the merger and regulatory approval is pending. The merger is expected to close in the first quarter of 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on The Empire District Electric Company

    The Empire District Electric Company (1.5% of net assets as of December 31, 2016)(EDE –$34.09–NYSE) (NYSE:EDE) is a regulated utility company with operations in Missouri, Kansas, Oklahoma, and Arkansas. On February 9, 2016, EDE entered into an agreement to be acquired by Algonquin Power & Utilities Corp. for $34 cash per share. This transaction values EDE at $2.4 billion dollars, and is subject to regulatory and shareholder approvals. The merger closed on January 1, 2017.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Cvent Inc.

    Cvent Inc. (NYSE:CVT) is a Tysons Corner, Virginia-based software company. Cvent specializes in enterprise event management through its use of cloud-based software. Vista Equity Partners made a $36 per share bid for the company on April 18, 2016. This valued CVT at $1.65 billion and was subject to customary regulatory and shareholder approvals. The deal closed on November 28, 2016 and the Fund earned a 4.53% annualized return.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on Rackspace Hosting Inc.

    Rackspace Hosting Inc. (NYSE:RAX) is a San Antonio, Texas based information technology company. Rackspace specializes in cloud computing technology and storage. On August 26, 2016 Apollo Global with Searchlight Capital made a $32 cash per share offer for the company. The merger valued RAX at $4.3 billion and was subject to traditional regulatory approval and a shareholder vote. The deal closed on November 3, 2016 and the Fund earned a 10.72% annualized return.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on NetSuite Inc.

    NetSuite Inc. (NYSE:N) is a San Mateo, California-based technology company. NetSuite provides cloud-based software to enterprise clients. The software suite features products for financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human resources. On July 28, 2016, Oracle entered into an agreement to acquire N for $109 cash per share. This tender valued the company at $8.8 billion, and the transaction was subject to customary regulatory and shareholder approvals. The deal closed on November 7, 2016. The Fund earned a 6.22% annualized return.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on National Interstate Corp

    National Interstate Corp. (NASDAQ:NATL), based in Richfield, Ohio, operates as a property and casualty insurance company for the transportation industry. After a failed attempt in 2014, American Financial Group, NATL’s majority owner, entered into an agreement to acquire NATL for $32 cash per share plus a $0.50 special dividend. The deal came after months of negotiations. Subject to customary regulatory and shareholder approvals, the merger closed on November 10, 2016. The Fund earned a 13.22% annualized return.

    From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.   


  • Mario Gabelli Comments on LinkedInCorp

    LinkedInCorp. (NYSE:LNKD) is a Mountain View, California-based business. The company operates a professional social network, which currently has over 400 million members. On June 13, 2016, Microsoft made a $196 cash per share offer to acquire the company for a total cost of $26 billion. The deal received the necessary shareholder and regulatory approvals and closed on December 8, 2016. The Fund earned a 6.13% annualized return.

      


  • Mario Gabelli Comments on Cepheid

    Cepheid (NASDAQ:CPHD) is a medical diagnostic and testing equipment company based in Sunnyvale, California. On September 6, 2016, Danaher agreed to acquire Cepheid for $53 cash per share, or $4 billion, in order to expand its molecular diagnostics business. The merger received the necessary regulatory and shareholder approvals and closed on November 4, 2016. The Fund earned a 6.58% annualized return.

      


  • Mario Gabelli's ABC Fund Merger and Arbitrage 'The Deal Fund' 4th Quarter Shareholder Commentary

    To Our Shareholders,

      


  • Cockroaches Never Take a Holiday

    Is it possible to find quality companies without long-term debt? A recent search with the All-In-One screener at GuruFocus pulled up 12 companies with 5-Star Predictability ratings and no debt. Just 12 out of the thousands of stocks followed by GuruFocus.


    One of them is Rollins Inc. (NYSE:ROL), a company that some might recognize as the owner of Orkin and the Orkin Man brand, the people to call when pests or termites come calling at homes or businesses. In addition, it owns several other businesses and brands, on several continents, all specializing in pest, termite or wildlife control.

      


  • Desjardins Capital Markets Picks Goldcorp for 2017

    Goldcorp Inc. (NYSE:GG) appears at the top of the list of Desjardins Capital Markets for the large-cap stocks that the firm recommends buying for 2017. The firm says the company will be able to illustrate an attractive multiyear guidance outlook on both production and costs,” as reported by the Financial Post.


    At the moment, Goldcorp is not the best gold mining stock in the industry, especially when it is compared to its more direct peers, Barrick Gold Corp. (NYSE:ABX), in terms of gold output and AISC per ounce, and Newmont Mining Corp. (NYSE:NEM), in terms of gold output.

      


  • GAMCO's Best Stock Pick 2017: Wynn Resorts



  • GAMCO's Best Stock Pick 2017: Florida Community Bank


    GAMCO Investors likes the small community financial because of its:

      


  • Newmont May Book up to $1.2 Billion to Shut Down Peru Mine

    Newmont Mining Corp. (NYSE:NEM) says that it may book approximately $1 billion or even $1.2 billion noncash impairment charge in the last quarter due to a higher than initially assessed value of “the asset retirement obligation at the mine of between $400 million and $500 million in the fourth quarter” for the shutting down of Yanacocha, the Peruvian mine, as reported Wednesday by Reuters.com.


    The higher value of the liability associated with the retirement of Yanacocha mine is “due to higher estimated future water treatment, earthworks and demolition costs,” Newmont said as also reported by Reuters.com.

      


  • Barnes & Noble Education Reports Sales Slump

    Barnes & Noble Education Inc. (NYSE:BNED) reported its earnings for the second quarter of fiscal 2017 today. While the company reported an increase in sales, it lowered the outlook for comparable sales for the year.


    The company is one of the largest contract bookstore operators on university campuses across the U.S. and a leading provider of digital education services. In August of 2015, the company split from Barnes & Noble Inc. (NYSE:BKS) and began operations as an independent company.

      


  • Gold Reacts Negatively to Italian Constitutional Referendum

    Asian gold markets positively reacted to the outcome of the constitutional referendum in Italy, where "no" triumphed over "yes" with 19,419,507 votes or 59.11% of voters. The number of votes in favor of the constitutional reform is 13,432,208 or 40.89% of voters. The percentage of Italians who voted is 65.47%, or 33,243,845 voters, out of a total of 50,773,284 eligible voters.


    On Asian markets, gold prices jumped 0.9% to retrace later more closely to last Friday's prices when the precious metal was trading at $1,177 per ounce, showing an overall improvement of 0.4%.

      


  • Mario Gabelli’s Top 3 New Holdings

    GAMCO Investors’ Mario Gabelli (Trades, Portfolio) acquired 51 new stocks in the third quarter. His top three new holdings are Fleetmatics Group PLC (NYSE:FLTX), Joy Global Inc. (NYSE:JOY) and Whole Foods Market Inc. (NASDAQ:WFM).


    Gabelli founded GAMCO in 1976 as an institutional research firm in New York. He serves as chairman and CEO. As of Sept. 30, the firm managed $39.9 billion in assets. The firm has an investment team of 15 portfolio managers who employ an intense research-driven approach to find undervalued companies. Their three key objectives are: identify a company’s EPS, free cash flow and private wealth management, define the catalyst that will push the price higher and evaluate the management.

      


  • Profiting From Uncertainty: Mark Boyar’s Group Finding Mispriced Financials, Media Stocks Pt. I

    Jonathan Boyar, part of the Boyar Value Group, will speak at the 2017 GuruFocus Value Conference. Get registered for the event here.


     

      


  • Gabelli Funds Comments on Torex Gold

    Torex Gold (TSX:TGX) (2.5%) (TXG CN – $21.63 | $28.38 CAD – Toronto Stock Exchange) is a development company with a project in Guerrero, Mexico. The company recently completed construction of its Limon/Guajes project on time and on budget. Once at full commercial production, the company should produce over 300,000 ounces of gold per year at unit cash costs in the lower half of the cost curve. The company has a second deposit near its current operation which can be its second mine. In developing its second deposit, the company has the ability to double production to 600,000 ounces while funding development with free cash flow from its first mine.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Tahoe Resources

    Tahoe Resources (NYSE:TAHO) (3.0%) (THO – $12.82 | $16.82 CAD – Toronto Stock Exchange) owns the Escobal mine in Guatemala, one of the largest primary silver mines in the world. Tahoe also owns two assets in Peru. One is an operating mine and one is a development project. The combined company will be cash flow generative, and be able to finance the build of its next project with free cash flow from its two producing assets and cash on its balance sheet. The company recently completed the acquisition of Ontario-based Lakeshore Gold. Tahoe aims to expand Lakeshore’s mineral inventory through an aggressive exploration program. If successful, the company will likely expand plant capacity on site and grow production. Tahoe pays a dividend, and we expect this will increase if the prices of gold and silver rise.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Osisko Gold Royalties

    Osisko Gold Royalties (NYSE:OR) (0.7%) (OR CN – $10.95 | $14.36 CAD – Toronto Stock Exchange) is a Montreal based gold royalty company which owns royalties on the two largest gold mines in Quebec, namely the Malartic mine in the Abitibi region, and the Eleonore mine in the James Bay region of northern Quebec. Osisko has a cash balance and generates meaningful amounts of free cash flow through producing royalties. The company is deploying this cash in very early stage development deals whereby it is able to fund exploration and development of projects, primarily in Canada, in exchange for equity stakes in the development companies and the opportunity to finance mine development through acquiring future royalties on future mine development.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Northern Star Resources

    Northern Star Resources (ASX:NST) (1.7%) (NST – $3.57 | $4.66 AUD – Australian Stock Exchange) is a Western Australia based mining company with three primary operating mines in Western Australia. The company acquired operating mines in the region from Barrick Gold and Newmont Mining (3.6%) during the downturn in the cycle when these two companies were selling assets to pay down over-levered balance sheets. The company has been successful in reducing costs at these operations and extending mine lives through exploration. Northern Star is a meaningful free cash flow generative company at the current Aussie dollar gold price, and pays a dividend to shareholders.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on MAG Silver

    MAG Silver (MAG) (1.6%) (MVG – $15.07 | $19.77 CAD – Toronto Stock Exchange) owns 44% of one of the highest quality silver deposits in the world. The Juanicipio project in Zacatecas, Mexico is adjacent to Fresnillo plc’s (7.1%), namesake silver mine. Having Fresnillo as the 56% majority partner and operator of the mine limits development risk for the asset, and should allow for the project to be financed with little trouble. Once operational, Juanicipio should be highly cash flow positive. A new discovery on the Juanicipio property has the potential to either extend the mine’s life or increase production at the project meaningfully.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Klondex Mines

    Klondex Mines (KLDX) (1.6%) (KDX – $5.75 | $7.54 CAD – Toronto Stock Exchange) is a mining company with two mines in Nevada and a development project in Manitoba. The company’s Fire Creek mine in Nevada is a high grade, small tonnage deposit. The Midas mine is near Fire Creek, and both mines feed a single processing facility near the Midas site. Klondex recently agreed to acquire a third property in Nevada called Hollister. Hollister could be a third source of feed for the centralized Nevada processing facility. All of the mines in Klondex’s portfolio are relatively short-life, and will require meaningful exploration spending to extend their lives. If exploration efforts are successful, Klondex will be a low cost producer with meaningful free cash flow generation at current gold prices.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Hochschild Mining

    Hochschild Mining (LSE:HOC) (2.5%) (HOC – $3.75 | £2.90 – London Stock Exchange), is a Peruvian based gold and silver miner. The company has one mine in Argentina and three mines in Peru. Hochschild are experts in mining high-grade underground vein systems. The company’s newest mine, Inmaculada in Peru, will be its biggest and most cash flow generative asset. As Inmaculada begins to produce over the coming months, the company will be able to use cash flow from the mine to pay down debt and explore around its sites. We expect excess cash to be distributed to shareholders in the form of a dividend.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Detour Gold

    Detour Gold (TSX:DGC) (3.7%) (DGC CN – $21.75 | $28.54 CAD – Toronto Stock Exchange), is a single asset company based in Toronto, with its sole operating mine in northern Ontario. The Detour Lake mine is a large, bulk tonnage open pit operation which is currently the biggest gold mine in Canada. The mine’s cost base is largely fixed, with labor and electricity being large components, both are priced in Canadian dollars. The company is generating free cash flow, and will use a portion of this cash to pay down convertible debt which will come due in 2017. We expect the company to pay dividends to shareholders once the balance sheet has been sorted.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Agnico-Eagle

    Agnico-Eagle (NYSE:AEM) (6.5%) (AEM CN – $54.08 | $70.95 CAD – Toronto Stock Exchange), is a mid-tier gold producer with operations in Canada, Mexico, and Finland. The company is the dominant operator in the Val d’Or region of Northern Quebec, and the only gold producer in the Canadian sub-Arctic region. The company is in the process of delineating a new discovery in the Arctic region which could serve to extend the life of its large Meadowbank mine. Agnico is also delineating a deposit in Mexico which could be its third mine in the country. The company has a strong balance sheet and low unit cash costs which should allow it to comfortably complete these new projects while continuing to return cash to shareholders in the form of a dividend.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Funds Comments on Acacia Mining

    Acacia Mining (LSE:ACA) (1.6% of net assets as of September 30, 2016) (ACA – $6.45 | £4.98 – London Stock Exchange) is a London listed gold mining company with three mines in Tanzania. The company was formerly called African Barrick, and Barrick is still a large shareholder of Acacia. Acacia is in the process of transforming its two largest assets, the Bulyanhulu and North Mara mines. Bulyanhulu is beginning to mine higher grade material, and operating costs have been reduced at the mine, leading to higher production at lower unit costs. At North Mara, the company is beginning to mine an underground portion of the orebody. Currently a dividend paying stock, the amount of the dividend paid should increase as the company executes operationally.


    From the Gabelli Gold Fund third-quarter 2016 shareholder letter.

      


  • Gabelli Gold Fund 3rd Quarter Shareholder Commentary

    To Our Shareholders,

      


  • Columbia Wanger's Largest Trades in 3rd Quarter

    Columbia funds are managed by Columbia Management Investment Advisers LLC, and Columbia Acorn funds are managed by Columbia Wanger (Trades, Portfolio) Asset Management LLC, a subsidiary of Columbia Management Investment Advisers, LLC. During the third quarter the guru’s largest trades were the following:


    It closed its stake in Cepheid (CPHD) with an impact of -0.93% on the portfolio.

      


  • Will Eaton Vance Continue This Year's Surge?

    In an article published on Feb. 13 of this year, PatientValueInvestor recommended Eaton Vance (NYSE:EV) to investors prepared to take the long view. At the time, the share price of this financial stock was near the $28 mark.


    As it turned out, investors who took his advice did not need much patience. Following a better than 7.5% jump on Nov. 9 and 10, the two days after the American elections, the stock closed at $38.15, an increase of about 36% in less than nine months. Still, as this 20-year chart shows, the company has some distance to go before it gets back to the lofty prices it enjoyed in 2007:

      


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